Outgoing Democratic Sen. Chris Dodd reflected on the three decades he spent representing Connecticut in Congress during his final speech from the Senate floor Tuesday.
"This committee doesn't function well on a partisan basis, and in the 22 months that I've been chairman of it we've never acted that way." That was Senate Banking Committee Chairman Chris Dodd speaking in December of 2008, when American voters had the audacity to believe a new President's promise to rise above the short-sightedness of partisan Washington and unite most Americans around solving big problems.
With one week down and one week to go on negotiations melding the two Wall Street reform bills, lawmakers have a lot of tough decisions ahead.
Federal Reserve Chairman Ben Bernanke said Wednesday he has concerns about a signature piece of Senate Democrats' Wall Street reform package that cracks down on complex financial products.
The Senate overwhelmingly passed its first major change to the Wall Street reform package Wednesday, approving a bipartisan deal to unwind big financial firms that are considered too big to fail.
Sen. Chris Dodd's announcement that he is retiring follows an illustrious career, but one that has recently been overshadowed by controversies, political woes and personal tragedies.
CNN's Paul Steinhauser and Mark Preston discuss the possible fallout from two Senate Democrats opting to retire.
Connecticut Sen. Chris Dodd, one of the most powerful Democrats on Capitol Hill, announced Wednesday that he will not seek a sixth term in November.
Connecticut Senator Chris Dodd announces he will not seek re-election.
Jack Cafferty asks: Why did Senate Republicans block financial reform legislation when two-thirds of Americans want it?
President Obama took his message for Wall Street reforms to America's heartland for a second day on Wednesday as Senate Democrats failed for a third time to win a vote on starting public debate on the matter.
President Obama challenged Republicans to allow a debate on Wall Street reforms, telling an Iowa crowd Tuesday it's not right for the GOP to prevent a proposal from coming up in the Senate.
Senate Democrats failed Tuesday - for the second time in two days - to muster the 60 votes needed to start debating Wall Street reform.
Senate Majority leader Harry Reid has scheduled a late afternoon vote Monday to move ahead with a Senate financial reform bill, but Republicans warn they are not prepared to launch debate on the measure.
A deal is close on a Senate financial reform bill, the leading negotiators said Sunday, but Republicans warned they are not yet prepared to launch debate on the measure.
Could the civil fraud case against Goldman Sachs be the break regulatory reformers have been looking for?
A key banking panel took only minutes Monday to approve a sweeping regulatory reform measure aimed at warding off future collapses in the financial system.
The head of a key banking panel on Monday released a draft bill of sweeping regulatory changes aimed at warding off future collapses in the financial system.
Washington insiders are all pumped up by Sen. Chris Dodd's pending financial reform bill. They say that it seems to have a real chance to garner bipartisan support. Yippee! That sounds great on the surface, but ask yourself WHY it seems more popular than, say, Obama's health-care bill? Reason is that Dodd's dang thing's got no teeth! Sure the bill has a measure to create a consumer protection agency within the Fed, (even that's controversial) and it would ban bank execs from being on the New York Fed's board. Then there's the real torches and pitchforks stuff, but even here, the bill is fangless. The proposed bill would allow shareholders to have "advisory votes" (say what?) on executive pay.
In the U.S. Senate, the progressives are restless. A handful of them are making it known that Democratic leaders shouldn't take their votes for granted when it comes to Wall Street reform.
The Senate might break its impasse on financial overhaul if it moves forward with a proposal that would put a consumer financial protection watchdog inside the Federal Reserve.
Deputy political director Paul Steinhauser looks at new CNN polls ahead of Thursday's health care summit.
The day before the White House's bipartisan summit on health care reform, there didn't appear to be much mood for compromise on Capitol Hill.
A second Senate effort to come up with financial reform legislation could run aground unless a deal on protecting consumers is reached.
The fate of a consumer financial protection agency was thrown in doubt Friday, as the Senate Banking Committee chief said he planned to push a bill forward without Republican support.
When exactly did the donkey become an endangered species?
Sen. Chris Dodd The five-term Connecticut Democrat announced today that he will not seek re-election. Dodd, 65, has been winning congressional elections in his state since 1974, but he's recently been considered one of the most vulnerable Democrats seeking re-election in 2010. He has been criticized for ties to the financial industry, and several formidable challengers have been vying to challenge him in the November election.
Federal Reserve Chairman Ben Bernanke got a rough going over from both his supporters and detractors at his Senate confirmation hearing Thursday.
A congressional effort to enact swift rules to protect credit card consumers during the holiday shopping season is all but dead.
Congress launched a formal debate on reforming the ailing U.S. health care system Wednesday with a Senate committee considering a comprehensive bill backed by Democrats and the Obama administration.
The national debate on health care entered a new arena Tuesday, with Senate Democrats proposing a comprehensive bill that will launch a heated congressional battle to determine if America adopts universal coverage.
As the push for reform of the health care system intensifies, opponents are starting to push back. Dana Bash reports.
In the U.S. Senate, seniority is all: You wait your turn. No one knows that better than Democrat Chris Dodd, the senior senator from Connecticut. "I went through 28 years of sitting next to people who either had the constitution of mules or great longevity," Dodd told Fortune late one afternoon recently in his arch-windowed office on Capitol Hill.
There is a chill wind blowing across this land of ours.
Sen. Chris Dodd says the Obama administration asked him to add the language that allowed AIG to hand out bonuses.
Fallout from anger over AIG's bonuses is following Sen. Chris Dodd from Washington back home to Connecticut.
CNN's Mary Snow looks at how the AIG fallout is playing back home for Senator Chris Dodd.
Twenty state attorneys general announced investigations Friday into the $165 million bonuses paid by insurance giant AIG last week, with Connecticut's top lawyer issuing subpoenas to CEO Edward Liddy and 11 other executives.
A defiant Sen. Chris Dodd defended his actions on bonuses for AIG executives Friday as news surfaced that a senior company executive was returning his $6 million bonus.
President Obama says that while he didn't draft the AIG contracts, he'll take the responsibility for fixing it.
Treasury Secretary Timothy Geithner confirmed Thursday that the department did talk to Sen. Chris Dodd about a clause he put forth in the stimulus legislation that would have strictly limited executive bonuses.
Senate Banking committee Chairman Christopher Dodd told CNN Wednesday that he was responsible for language added to the federal stimulus bill to make sure that already-existing contracts for bonuses at companies receiving federal bailout money were honored.
When Senator Chris Dodd, (D-Connecticut) crammed what he dubbed "tough new limits" on "lavish Wall Street bonuses" into the stimulus package, he may have created a bigger problem for the economy than the one he was trying to solve. The reason? His plan inadvertently rewards nonperformance and will drive talented financiers away from the companies that need them most.
An amendment in the $787 billion economic stimulus package passed by Congress Friday would severely restrict bonuses and other forms of compensation for top executives at companies receiving federal bailout money.
Credit buys love
updated: Thu Dec 18 2008 00:29:00
CNN's Carol Costello reports on credit card companies trying to win back customers' love.
It arrived in Rich Stevens' mailbox a few weeks ago: the notice that Citibank had "rate-jacked" the Visa cards belonging to him and his wife.
If and when Detroit's automakers actually get their taxpayer-funded lifelines, Senator Christopher Dodd will be remembered for his tough-guy demand that General Motors CEO Rick Wagoner be shown the nearest exit.
The case for a bailout of U.S. automakers came under sharp scrutiny on Tuesday at a congressional hearing that portrayed the Big Three as both short-sighted in their business strategies and central to the economy.
Senate Democrats on Friday said they plan to vote on a bill meant to aid struggling automakers despite vocal opposition from Republicans.
The auto industry is clamoring for government help, but is it worth the money? CNN's Allan Chernoff reports.
The top Democrat on the Senate Banking Committee said Thursday there is not enough support among Republicans to pass a proposed bailout package for the auto industry.
Lawmakers pressed bank executives on Thursday to explain how they were using the billions of dollars they've received from the federal government as part of the $700 billion bailout.
At a hearing Tuesday before the Senate Banking Committee, federal officials said a bailout is needed immediately for the health of the U.S. economy.
Congressional approval of the bailout package would give Henry Paulson unprecedented power. CNN's Allan Chernoff reports.
A group of Democratic lawmakers unveiled sweeping legislation Wednesday that promises to shield consumers from harmful, and in some instances predatory practices, by the credit card industry.
Paying for college is rarely easy, but this year parents and students could have a tougher time securing the necessary financing.
Lawmakers grilled bank regulators Tuesday about why they didn't intervene as lax lending standards led to a meltdown in the mortgage market and a credit crunch that threaten the economy.
Former Democratic presidential candidate Sen. Chris Dodd on Tuesday endorsed Sen. Barack Obama for president, calling on fellow Democrats "to come together, to get behind this candidacy."
Former presidential candidate Sen. Chris Dodd announces he will endorse Sen. Barack Obama for president.
A proposal to bail out subprime mortgage borrowers who are at risk of foreclosure was floated at a Senate Banking Committee hearing Thursday.
In search of the perfect caucus, Joel Stein joined Iowans in their bead-throwing, rule-morphing festival
While the front-runners slugged it out in the days before Thursday's Iowa caucuses, second-tier Democratic presidential candidates spent the final hours before the big event plugging away in hope of staging an upset.
Too many of them -- in Congress and the presidential campaign -- still don't get national security
CNN's Candy Crowley takes a look at the implications of the Petraeus Senate hearing in the 2008 presidential race.
The 2008 Democratic presidential candidates debate on Univision from Coral Gables, Florida. (In Spanish)
Questions about immigration dominated a forum for Democratic presidential candidates put on Sunday by the Spanish-language television network Univision.
U.S. stocks are likely to open higher Wednesday after improved sentiment helped stem a massive flight to quality and yields on shorter-dated Treasurys rebounded.
Bond prices declined across the board Wednesday as the Federal Reserve pumped more money into the banking system to ease rate pressures.
A key U.S. lawmaker said on Tuesday that Federal Reserve Chairman Ben Bernanke pledged to use all tools necessary to calm turbulent financial markets, but he expressed skepticism that the U.S. Treasury appreciated the urgency of the U.S. housing finance crisis.
The Nasdaq composite and S&P 500 index rose Tuesday, as investors welcomed a meeting among Federal Reserve Chairman Bernanke, Senator Dodd and Treasury Secretary Paulson on the problems in the financial markets.
Stocks stabilized Tuesday afternoon as investors took comfort in falling oil prices and a meeting among Federal Reserve Chairman Bernanke, Senator Dodd and Treasury Secretary Paulson on the problems in the financial markets.
Investors again sought the safety of the government bond market Tuesday but reversed their purchases of the shortest-dated, safest securities in a sign that investors are a bit less nervous about the freeze-up in the credit markets.
Stocks stabilized Tuesday afternoon, as investors took comfort in falling oil prices and a meeting among Federal Reserve Chairman Bernanke, Senator Dodd and Treasury Secretary Paulson on the problems in the financial markets.
CNNMoney: Stocks stage recoveryupdated: Tue Aug 21 2007 02:33:00
Stocks recovered near midday Tuesday, on initial positive reports about the meeting between Federal Reserve Chairman Bernanke, Treasury Secretary Paulson and Senator Dodd regarding the problems in the financial markets.
Stocks slipped Tuesday morning as investors mulled ongoing problems in the credit and mortgage markets and opted to put their money in the relatively safer haven of bonds.
Senate Banking Committee Chairman Christopher Dodd sought Monday an unusual meeting with two top U.S. economic policy-makers, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson, to discuss the recent financial market volatility.
U.S. Senate Banking Committee Chairman Christopher Dodd on Friday called for an examination of the credit rating agencies' role in valuing the subprime mortgage securities market.
In the wake of the subprime mess, Democratic presidential candidates are grabbing hold of the issue and offering their own solutions. And the problem, according to many of them, lies with the mortgage broker.
More and more Wall Streeters - especially those new-money hedge fund and private equity managers with net worths stretching toward and beyond the billion-dollar mark - are throwing their considerable moneyed weight behind Democratic candidates. So far, presidential contenders Hillary Clinton and Barack Obama have managed to charm these masters of Manhattan with their policy smarts and scent of potential victory, even while decrying the country's "highest concentration of wealth...since 1929," as Clinton puts it.
U.S. bank regulators Friday tightened standards for mortgage lending in a bid to curtail risky practices that have been blamed for a record level of foreclosures.
Connecticut Democratic Sen. Christopher Dodd said Monday that federal regulators have been "asleep at the switch" and must start exercising their authority to stop the hemorrhaging of the subprime mortgage market.
The lavishly acclaimed new era of good feelings in the Senate lasted less than four days.
Why did Monday's Democratic assault on John Bolton at the Senate Foreign Relations Committee have so little to do with how he would perform as U.S. ambassador at the United Nations and so much about Cuban biological warfare?
The 800-pound gorilla has long been a metaphor for corporate power. After all, a hefty primate is a much more evocative symbol of size than a huge market cap. But now that good old-fashioned accura...
Ordinary Americans are prohibited from climbing Mount Rushmore, where the faces of four great Presidents are carved in granite. But this September, just before the Senate began debating campaign fi...
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